Obamanomics 2009 - 03 - 08 - The Socialist Deal

I'm wrong about the President and thinking he didn't have a vision. He has a vision, and it's a concern.

For full disclosure, I did not vote for Obama, and hope and change. I'll skip the reasons why. When he won, however, I resolved to hope for the following:

1. I hoped that his presidency would not be a failure. (Seriously)
2. I hoped he would lead from the center, and apply real fixes to many of the ills of America.
3. I hoped he would not sucumb to the temptations of his liberal, elitest core constituents.
4. I hoped he would not divide a nation and a very vocal conservative group by sticking it to those of us who take fiscal conservatism seriously.

I now resolve myself to witness at least one term of radical re-alignment of the great American experiment. In defense of this I offer the following:

1. The crazy Porkilus Bill. This is no stimulus, this is madness.
2. The continued revisions of the banking bailouts.
3. The outrageous budget. ($3.75 Trillion)
4. The outrageous deficit. ($1.25 Trillion)
5. The raising of taxes...with an outrageous budget!
6. Negotiations with Russia on a missle defense shield.
7. Negotiations with...THE TALIBAN!?!

And he's six weeks into his first term. Jim Cramer thinks he's doing too much:

http://www.mainstreet.com/article/moneyinvesting/news/cramer-my-response-white-house?page=1

I think Obama is positioning America for a significant fall, both in terms of political power and in financial power. When did we start negotiating with our rivals from a position of weakness? And when did trillion dollar deficits become acceptable, for any reason? How will we ever pay back these deficits?

It is clear to me, this is a President who wants a far larger, yet politically weaker, goverment then what we presently have. I call it "The Socialist Deal". This is what I expect:

1. Continued out of control spending - "We have to do something!"
2. Continued gigantic deficits - "We don't have a choice right now."
3. Slowly increasing taxes - "It's patriotic to pay taxes."
4. A continued sliding definition of who is wealthy - "A family of making $50K is upper middle class."
5. Sky high interest rates - A result of too much debt
6. Continued declining employment, except for Government jobs - Higher taxes and high interest rates = more jobs in China, Tunisia, India, Mexico, etc.
7. And oh yeah, the housing market will not recover - A result of more money flowing into the Goverment, with less money to spend on creature comforts like a house
8. A dilution of the American foreign policy brand - A result of Obama's intellectual-based America guilt complex. Don't be shocked if he apologizes for going after Osama Bin Laden before it's all done.

Scary...